Currier Museum Of Art
- Assets
- $107.9m
- Revenue
- $12.3m
- Investments
- $60.0m
- Employees
- 142
- Location
- Manchester, NH
- Founding
- 02/1921
- Data as of
- 06/2021
- EIN
- 02-0223322
Organization Overview
Currier Museum Of Art is located in Manchester, NH. The organization was established in 1921. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Currier Museum Of Art employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Currier Museum Of Art is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Currier Museum Of Art generated $12.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $6.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOCUSED ON ART, CENTERED IN COMMUNITY, COMMITTED TO INSPIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION: THE CURRIER MUSEUM OF ART COLLECTS, PRESERVES, RESEARCHES, AND MAKES ACCESSIBLE SIGNIFICANT WORKS OF ART. THE 14,000 OBJECTS IN THE COLLECTION, INCLUDING TWO HOUSES DESIGNED BY FRANK LLOYD WRIGHT AND A RECENTLY ACQUIRED HISTORIC 19TH CENTURY HOME, FORM THE BASIS OF THE MUSEUM'S EDUCATIONAL AND SOCIAL PROGRAMS. THE MUSEUM MAINTAINS STATE-OF-THE-ART STORAGE FACILITIES AND PRESERVES OBJECTS UNDER ITS CARE. IT MAKES THE COLLECTION FULLY ACCESSIBLE THROUGH THE WEB, PROGRAMS, PUBLICATIONS, AND SOCIAL MEDIA.
EDUCATION AND COMMUNITY PROGRAMS. THE MUSEUM CREATES INNOVATIVE PROGRAMS FOR A WIDE VARIETY OF AUDIENCES. ALONG WITH INTENSIVE ONLINE PROGRAMMING, THESE INCLUDE SCHOOL TOURS, GUIDED VISITS, LECTURES, PERFORMANCES, AND LARGE-SCALE COMMUNITY EVENTS. SPECIAL PROGRAMS SERVE THE COMMUNITY, INCLUDING FAMILIES IMPACTED BY OPIOID ABUSE, ALZHEIMER'S PATIENTS AND THEIR CAREGIVERS, MILITARY VETERANS, IMMIGRANTS, CANCER PATIENTS AND THEIR CAREGIVERS, AND THOSE AFFECTED BY DISABILITIES. STUDIO-BASED CLASSES FOR CHILDREN AND ADULTS ARE RUN LIVE AND ONLINE. THE MUSEUM HAS AN ARTIST IN RESIDENCE PROGRAM THAT SUPPORTS INTERNATIONAL CONTEMPORARY ARTISTS WHO WORK ONSITE AND IN OUR COMMUNITY AT-LARGE.
EXHIBITIONS. THE MUSEUM NORMALLY PRESENTS SIX TO SEVEN SPECIAL EXHIBITIONS EACH YEAR, ALTHOUGH THIS SCHEDULE WAS REDUCED IN FY 2021 BECAUSE OF THE PANDEMIC. THE MUSEUM CREATED EXHIBITIONS FROM ITS PERMANENT COLLECTION AND IN COLLABORATION WITH NEW HAMPSHIRE ARTISTS TO RESPOND TO ISSUES OF EQUITY. A FULL RANGE OF EDUCATIONAL AND COMMUNITY PROGRAMS ARE PRESENTED FOR EACH EXHIBITION.
ANCILLARY SERVICES: IN ADDITION TO THE GALLERIES, THE MUSEUM FACILITIES INCLUDE CLASSROOMS, A 180-SEAT AUDITORIUM, A CAFE, A SHOP, AND OTHER SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Chong Director/ceo | Officer | 40 | $202,870 |
Karen Graham Deputy Director | Officer | 40 | $120,584 |
John Gennetti Director Of Development | 40 | $103,846 | |
Thomas Silvia Treasurer | OfficerTrustee | 1 | $0 |
Stephen Duprey President | OfficerTrustee | 3 | $0 |
Benjamin Kelley Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $197,064 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,073,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,636,877 |
| Noncash contributions included in lines 1a–1f | $3,779 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,907,084 |
| Total Program Service Revenue | $203,667 |
| Investment income | $653,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$24,243 |
| Net Gain/Loss on Asset Sales | $7,498,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $18,525 |
| Net Income from Sales of Inventory | $11,718 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,269,054 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,500 |
| Grants and other assistance to domestic individuals. | $11,530 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $316,055 |
| Compensation of current officers, directors, key employees. | $202,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,022,587 |
| Pension plan accruals and contributions | $48,843 |
| Other employee benefits | $135,265 |
| Payroll taxes | $173,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,010 |
| Fees for services: Accounting | $40,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $215,454 |
| Fees for services: Other | $68,861 |
| Advertising and promotion | $97,744 |
| Office expenses | $182,485 |
| Information technology | $129,659 |
| Royalties | $0 |
| Occupancy | $467,876 |
| Travel | $17,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,353 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $628,802 |
| Insurance | $86,608 |
| All other expenses | $0 |
| Total functional expenses | $6,684,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,514 |
| Savings and temporary cash investments | $1,558,099 |
| Pledges and grants receivable | $50,094 |
| Accounts receivable, net | $507,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,110 |
| Prepaid expenses and deferred charges | $108,033 |
| Net Land, buildings, and equipment | $14,096,366 |
| Investments—publicly traded securities | $30,915,228 |
| Investments—other securities | $59,977,299 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $107,852,000 |
| Accounts payable and accrued expenses | $128,005 |
| Grants payable | $0 |
| Deferred revenue | $267,534 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $395,539 |
| Net assets without donor restrictions | $18,167,894 |
| Net assets with donor restrictions | $89,288,567 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $107,852,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Currier Museum Of Art has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Lynch Fam Charitable Foundation Hopkinton, NH PURPOSE: GENERAL OPERATING SUPPORT | $12,000 |
Endowment Analysis
| Beg. Balance | $86,473,091 |
| Earnings | -$9,373,666 |
| Admin Expense | $243,861 |
| Net Contributions | $73,120 |
| Other Expense | $4,219,682 |
| Ending Balance | $72,709,002 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Worcester Art Museum Worcester, MA | $148,643,203 | $30,005,812 |
Portland Museum Of Art Portland, ME | $75,826,769 | $10,432,428 |
Currier Museum Of Art Manchester, NH | $107,852,000 | $12,269,054 |
Norman Rockwell Museum At Stockbridge Inc Stockbridge, MA | $12,970,897 | $4,523,521 |
William A Farnsworth Library And Art Museum Inc Rockland, ME | $32,899,602 | $4,207,535 |
De Cordova And Dana Museum And Park Lincoln, MA | $16,380,697 | $4,288,131 |
Eric Carle Museum Of Picture Book Art Inc Amherst, MA | $15,457,741 | $5,749,801 |
Fitchburg Art Museum Fitchburg, MA | $25,526,367 | $5,731,661 |
Provincetown Art Association And Museum Inc Provincetown, MA | $15,877,090 | $3,732,108 |
Museum Of Art Of Ogunquit Ogunquit, ME | $3,324,529 | $1,240,153 |
Brattleboro Museum And Art Center Inc Brattleboro, VT | $4,313,770 | $1,398,686 |